Real estate refers to land and any physical structures or improvements on that land, such as residential houses, commercial buildings, or vacant lots.
Related terms
Property Taxes: Property taxes are taxes imposed by local governments on real estate owners based on the assessed value of their properties.
Mortgage: A mortgage is a loan used to purchase real estate where the property itself serves as collateral for the loan. Individuals make regular payments over time until the mortgage is fully paid off.
Rental Income: Rental income refers to the money received by individuals or businesses when they lease out their owned real estate properties to tenants.